One of the better articles I’ve read.
In fact, I’ve spent alot of time distilling the message to something along the lines of:
“It’s a faster version of electronic funds transfer that can be sent to anyone without having to worry about exchange rates, and bank accounts”..
I think your solution is much like the “token” that banks give to business account holders to authorise payments over certain amounts.
And the fact that the device (‘token’) can act as your 3rd party agent to validate transactions (whilst still requiring you to confirm) is a great stepping stone toward making the process more secure & streamlined..
I agree that to get mass adoption, we now need to focus on User Experience. To use another analogy; we need an “Apple” moment. It needs to become user friendly, and we need to take the focus away from the protocol & back to the end user’s benefits in order to gain broader adoption of the technology..
Anyway, enough rambling on my part.
Great article Karl Kreder
